AK Steel Tops Directorship Magazine's List of Best Governed Companies

Jun 01, 2010, 17:01 ET from AK Steel

WEST CHESTER, Ohio, June 1 /PRNewswire-FirstCall/ -- AK Steel (NYSE: AKS) ranked best in the category of corporate governance and citizenship, according to Directorship magazine's 2010 list of best performing, best governed companies.  The magazine is a publication of the National Association of Corporate Directors.  

"Being recognized for outstanding corporate governance speaks volumes about the leadership provided by AK Steel's Board of Directors," said James L. Wainscott, AK Steel Chairman, President and CEO.  "It is a testament to the corporate responsibility and ethical standards that continue to help make AK Steel a successful company and solid corporate citizen."  

To create the list, Directorship magazine selected and ranked 50 corporations from the 2009 Fortune 500 based on measures of size, shareholder return, admiration and corporate governance.  The corporate governance measure was determined by using RiskMetric's corporate governance quotients and Corporate Responsibility Officer (CRO) magazine's corporate citizenship rankings.  According to Directorship magazine, qualitative factors were also considered.  

About AK Steel

AK Steel produces flat-rolled carbon, stainless and electrical steels, primarily for automotive, appliance, construction and electrical power generation and distribution markets.  The company employs about 6,200 men and women in Middletown, Mansfield, Coshocton and Zanesville, Ohio; Butler, Pennsylvania; Ashland, Kentucky; Rockport, Indiana; and its corporate headquarters in West Chester, Ohio.  Additional information about AK Steel is available on the company's web site at www.aksteel.com.

AK Tube LLC, a wholly owned subsidiary of AK Steel, employs about 300 men and women in plants in Walbridge, Ohio and Columbus, Indiana.  AK Tube produces carbon and stainless electric resistance welded (ERW) tubular steel products for truck, automotive and other markets.  Additional information about AK Tube LLC is available on its web site at www.aktube.com.